International Assets Investment Management LLC Boosts Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

International Assets Investment Management LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 37,167.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,299 shares of the scientific and technical instruments company’s stock after purchasing an additional 72,105 shares during the quarter. International Assets Investment Management LLC’s holdings in Teledyne Technologies were worth $32,266,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Teledyne Technologies by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,440,032 shares of the scientific and technical instruments company’s stock worth $2,222,688,000 after buying an additional 13,645 shares in the last quarter. Aristotle Capital Management LLC purchased a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $698,325,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Teledyne Technologies by 26.3% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock valued at $379,977,000 after acquiring an additional 193,544 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Teledyne Technologies by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock valued at $376,965,000 after purchasing an additional 151,659 shares in the last quarter. Finally, Northern Trust Corp increased its position in Teledyne Technologies by 8.0% in the third quarter. Northern Trust Corp now owns 509,879 shares of the scientific and technical instruments company’s stock worth $208,326,000 after purchasing an additional 37,720 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY stock opened at $385.34 on Friday. The stock has a market cap of $18.26 billion, a PE ratio of 20.84, a P/E/G ratio of 2.64 and a beta of 1.04. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a 50-day moving average price of $411.71 and a 200 day moving average price of $413.52. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $4.53 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, April 25th. TD Cowen reduced their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $470.83.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.14% of the stock is owned by company insiders.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.